Raoul Pal: Capital is beginning to rotate back from the AI sector to the cryptocurrency market According to Cointelegraph, Real Vision founder Raoul Pal stated that capital is beginning to rotate back into the cryptocurrency market from the AI sector. He believes that the weakening of the US dollar is a key condition for further cryptocurrency appreciation, while higher bond yields and a strong US dollar are still limiting liquidity. If the US dollar fails to decline, the next best scenario is a sideways trend in AI stocks, causing funds to continue to rotate towards cryptocurrency. Pal also stated that AI agents may bring more business to Ethereum and Solana in the future, as software will use their smart contracts for transactions, and Bitcoin may miss out on most of the crypto economic activities generated by AI agents. He stated that Solana's core activity is speculation, with a smaller scale and higher concentration of Ethereum capital.